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Inflation Figures Marginally Undershoot Consensus

SOUTH AFRICA
BulletEM BulletEmerging Market NewsHomepage

Statistics SA releases consumer inflation data for April, which come in marginally below expectations.

  • CPI +5.2% Y/Y (BBG est. +5.3%)
  • CPI +0.3% M/M (BBG est. +0.4%)
  • Core CPI +4.6% Y/Y (BBG est. +4.7%)
  • Core CPI +0.2% M/M (BBG est. +0.3%)
As a reminder, the South African Reserve Bank (SARB) is trying to bring both metrics sustainably to the +4.5% Y/Y mid-point of its official target range.
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Statistics SA releases consumer inflation data for April, which come in marginally below expectations.

  • CPI +5.2% Y/Y (BBG est. +5.3%)
  • CPI +0.3% M/M (BBG est. +0.4%)
  • Core CPI +4.6% Y/Y (BBG est. +4.7%)
  • Core CPI +0.2% M/M (BBG est. +0.3%)
As a reminder, the South African Reserve Bank (SARB) is trying to bring both metrics sustainably to the +4.5% Y/Y mid-point of its official target range.